Midcap stocks on Dalal Street climbed to fresh record highs as investors responded to stronger-than-expected corporate earnings and heightened optimism ahead of the Bihar election results. Analysts noted that buying interest was broad-based across sectors including financials, industrials, and consumer names. Improved liquidity, stable domestic macro conditions, and upbeat Q2 results contributed to the rally. Market strategists added that midcaps are benefiting from capital rotation as valuations normalize in large caps. Trading sentiment remained buoyant with continued retail and domestic fund inflows.